REG - Mast Energy Dvlpmts. - Notice of GM

Mast Energy DevelopmentsAnnouncement

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RNS Number : 0063N  Mast Energy Developments PLC  16 June 2025

Mast Energy Developments PLC

(Incorporated in England and Wales)

(Registration Number: 12886458)

LEI :213800HFVHGJ9YGO9F71

Share code on the LSE: MAST

ISIN: GB00BMBSCV12

('MED' or 'the Company')

 

Dated: 16 June 2025

 

Mast Energy Developments PLC

 

Notice of General Meeting

 

Mast Energy Developments PLC, the UK-based multi-asset owner, developer, and
operator in the rapidly growing flexible power market, announces, further to
its previous RNS announcements dated 23 May 2025 and 4 June 2025 respectively,
that it will hold a General Meeting ("GM") at 12 noon on Tuesday, 8 July
2025, at its registered office, Salisbury House, London Wall, United
Kingdom, EC2M 5PS. The Notice of GM is being dispatched in the post to
shareholders today. The Notice of GM is also uploaded on the Company's website
and can be accessed at the following
link: https://www.med.energy/companydocuments
(https://www.med.energy/companydocuments) .

Shareholders should note that GM Notice contains, inter alia resolutions to
seek shareholder approval for the proposed share consolidation and the
necessary share headroom to accommodate the Equity Fundraise as outlined in
the Company's RNS announcement of 23 May 2025. Further, the Company is making
good progress with the finalisation of the necessary Supplementary Prospectus
with the FCA, approval and publication of which will also be required to
complete the Equity Fundraise. Subject to the resolutions being passed at the
GM on 8 July 2025 and the approval of the Supplementary Prospectus by the FCA
for publication prior to that date, the anticipated closing of the Equity
Fundraising is expected to be around 9 July 2025.

 

Pieter Krügel, MED CEO, commented: "We are making good progress with
satisfying the necessary conditions in order to complete the Equity Fundraise,
most notably shareholder approval at the upcoming GM and the approval and
publication of the associated Supplementary Prospectus. The anticipated
completion of the Equity Fundraise in July 2025 will significantly improve and
strengthen the Company's balance sheet, and enable the acceleration of our
goal to achieve a 300+ MW portfolio. We trust that our shareholders' see the
potentially significant value of the Equity Fundraising and the opportunities
it will unlock following closing."

 

ENDS

 

This announcement contains inside information for the purposes of the UK
version of the Market Abuse Regulation (EU No. 596/2014) as it forms part of
United Kingdom domestic law by virtue of the European Union (Withdrawal) Act
2018 ('UK MAR'). Upon the publication of this announcement, this inside
information is now considered to be in the public domain.

 

 Pieter Krügel      info@med.energy (mailto:info@med.energy)  Mast Energy           CEO

                                                              Developments PLC
 Jon Belliss        +44 (0)20 7399 9425                       Novum Securities      Corporate Broker
 Guy Wheatley, CFA  +44 (0)74 9398 9014                       Fortified Securities  Corporate Broker

 

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